# $14,900 in 1989 is worth$22,109.68 in 2003

$14,900 in 1989 has the same purchasing power as$22,109.68 in 2003. Over the 14 years this is a change of $7,209.68. The average inflation rate of the dollar between 1989 and 2003 was 2.99% per year. The cumulative price increase of the dollar over this time was 48.39%. ## The value of$14,900 from 1989 to 2003

So what does this data mean? It means that the prices in 2003 are 221.10 higher than the average prices since 1989. A dollar in 2003 can buy 67.39% of what it could buy in 1989.

We can look at the buying power equivalent for $14,900 in 1989 to see how much you would need to adjust for in order to beat inflation. For 1989 to 2003, if you started with$14,900 in 1989, you would need to have $22,109.68 in 1989 to keep up with inflation rates. So if we are saying that$14,900 is equivalent to $22,109.68 over time, you can see the core concept of inflation in action. The "real value" of a single dollar decreases over time. It will pay for fewer items at the store than it did previously. In the chart below you can see how the value of the dollar is worth less over 14 years. ## Value of$14,900 Over Time

In the table below we can see the value of the US Dollar over time. According to the BLS, each of these amounts are equivalent in terms of what that amount could purchase at the time.

Year Dollar Value Inflation Rate
1989 $14,900.00 4.82% 1990$15,705.08 5.40%
1991 $16,365.97 4.21% 1992$16,858.63 3.01%
1993 $17,363.31 2.99% 1994$17,807.90 2.56%
1995 $18,312.58 2.83% 1996$18,853.31 2.95%
1997 $19,285.89 2.29% 1998$19,586.29 1.56%
1999 $20,018.87 2.21% 2000$20,691.77 3.36%
2001 $21,280.56 2.85% 2002$21,617.02 1.58%